Global Returnable Packaging Market Worth $141.7 Billion by 2026 : APAC Region Is Projected to Be the Fastest-Growing Region

Northbrook, IL -- (SBWIRE) -- 11/24/2021 -- The report "Global Returnable Packaging Market by Product Type (Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage), Material (Plastic, Metal, Wood, Glass, Foam), End-use Industry, and Region - Global Forecast to 2026" The global returnable packaging market size is projected to grow from USD 104.9 billion in 2021 to USD 141.7 billion by 2026, at a CAGR of 6.2% from 2021 to 2026. Increasing concerns about packaging disposal and the need to lower the environmental impact, strong demand for returnable packaging from end-use industries, and the need for sustainable & cost-effective packaging solutions are some of the major factors expected to drive the returnable packaging market. Rising demand from emerging economies and increasing R&D investments by the manufacturers offer growth opportunities to the market.